DTI-3 closely monitors basic commodities price and supply

October 7, 2009 11:23 pm 

CITY OF SAN FERNANDO, Pampanga, Oct. 8 -– The Department of Trade and Industry (DTI)-Region 3 has intensified the monitoring of the price and supply of basic commodities and warned unscrupulous traders of unnecessarily jacking up their prices.

DTI Regional Director Blesilla Lantayona said that with the implementation of automatic price freeze in the country, the agency is closely monitoring the movements of prices and supply in the region.

Section 6 of Republic Act 7581 or the Price Act stipulates that the prices of basic necessities in an area shall automatically be frozen at their prevailing price whenever the area is declared under state of calamity.

Lantayona said they met the retailers and manufacturers in the region to ensure that there will be steady supply in the markets.

She also said that the composite team of DTI, Department of Agriculture (DA) and other concerned agencies have been going around to various wet markets, supermarkets in the region to check adherence to the price freeze imposed on basic necessities.

So far, she said, prices of basic goods and prime commodities in the region are generally stable.

Leny Baluyot of DTI-Pampanga said they have caught some retailers who committed price tag/price list violations.

"We caught three price tag violators and also confiscated 10 weighing scales in the province," Baluyot said.

The traders must put price tags and observe correct product labeling and weights and measure, she said.

Lantayona stressed that the government will not hesitate to close down shops and press charges against manufacturers, suppliers, distributors and retailers who will be found selling above the imposed price freeze.

Penalty for violating the Price Act would range from one to 10 years imprisonment and penalty of P5,000 to P1 million depending on the violation committed. (PNA)

FFC/ZST/ps

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